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U.S. Home Prices Slow Pace of Gains

January Prices Rise on Year, but Winter Weather May Have Hurt Monthly Increases

By

Cynthia Lin

Updated March 25, 2014 10:31 a.m. ET

Appreciation in home prices across the U.S. slowed slightly in January as a harsh winter dampened several aspects of the housing market, according to a report released Tuesday.

According to the S&P/Case-Shiller home price report, the home price index covering 10 major U.S. cities increased 13.5% in the year ended in January. The 20-city price index advanced 13.2%, close to the 13.5% gain expected by economists.